The Best Mortgage Lenders in East Falmouth, MA
Compare verified mortgage lenders serving East Falmouth, Massachusetts. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in East Falmouth
Featured Mortgage Lenders
Matthew Shanks
Fairway Independent Mortgage Corporation
Matthew Shanks at Fairway Independent Mortgage is one of the highest-rated mortgage professionals serving Cape Cod, with exceptional customer reviews praising his responsiveness, expertise, and smooth closing processes. With over 15 years of experience and Fairway's extensive lending capabilities, this team specializes in Cape Cod properties including East Falmouth homes. They offer competitive rates and personalized service for purchase loans, refinancing, and specialized programs for vacation homes and investment properties common in the Falmouth area.
Loan Types:
Cape Cod Five Cents Savings Bank
Cape Cod Five Cents Savings Bank
As the premier local financial institution serving Cape Cod for over 160 years, Cape Cod Five has deep roots in East Falmouth and surrounding communities. Their Falmouth branch provides personalized mortgage services with local decision-making and exceptional customer satisfaction ratings. They specialize in Cape Cod property financing, including waterfront homes, vacation properties, and primary residences, with competitive rates and deep understanding of local market conditions. Their longevity and community commitment make them a trusted choice for Falmouth-area homebuyers.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage has established a strong presence throughout Massachusetts including the Cape Cod region, with local loan officers specifically serving East Falmouth and surrounding areas. Known for their efficient "6-Day Processing Promise" and competitive rates, they receive excellent customer reviews for streamlined processes and responsive service. Their expertise with Cape Cod property types, including seasonal homes and waterfront properties, combined with their extensive loan programs, makes them a top choice for Falmouth-area borrowers seeking modern mortgage solutions with traditional service values.
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Frequently Asked Questions
Common questions about mortgage lending in East Falmouth, MA
What are the current mortgage rates like in East Falmouth, MA compared to the national average?
Mortgage rates in East Falmouth typically align with national averages but can be slightly higher due to Massachusetts' competitive coastal market. As of recent trends, you might see rates 0.125% to 0.25% above national averages, particularly for properties near the waterfront. It's wise to compare offers from local lenders familiar with Cape Cod's unique market dynamics.
Are there any special mortgage programs for first-time homebuyers in East Falmouth?
Yes, East Falmouth homebuyers can access Massachusetts' One Mortgage program, which offers low down payments and competitive rates. Additionally, the MassHousing Mortgage program provides favorable terms for qualified buyers in Barnstable County. These programs are particularly valuable given East Falmouth's higher-than-average home prices compared to inland communities.
How does East Falmouth's coastal location affect mortgage requirements?
Properties in East Falmouth's flood zones require additional flood insurance, which lenders mandate for mortgage approval. Coastal homes may also need specialized inspections for saltwater corrosion and storm damage. These requirements can add to your monthly housing costs, so factor them into your budget when considering waterfront or near-water properties.
What unique closing costs should I expect when buying a home in East Falmouth?
Beyond standard closing costs, East Falmouth homebuyers should budget for Cape Cod-specific expenses like title insurance with coastal provisions, higher attorney fees due to complex waterfront deeds, and potential septic system inspections required by Barnstable County. These typically add 1-2% to your total closing costs compared to non-coastal areas.
How competitive is the mortgage pre-approval process in East Falmouth's housing market?
Given East Falmouth's competitive seasonal market, a strong pre-approval is essential. Local sellers often prioritize buyers with pre-approvals from reputable Cape Cod lenders who understand the area's unique property valuations. During peak buying seasons (spring/summer), having a fully documented pre-approval can make your offer stand out against cash buyers and investors.
Nearby Cities
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Why Choose a Mortgage Lender in East Falmouth?
Local Market Knowledge
Lenders who understand East Falmouth's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Massachusetts.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in East Falmouth and get competitive rates on your home loan.